CarGurus reveals the 50 best value used cars to buy now as average used car prices accelerate once again

• Used car-buying platform CarGurus has listed the used cars that have decreased in price the most since October 2021
• Biggest price drop is 2019 BMW 2 Series which has dropped by £7,369 (-24.9%)
• 2019 Ford Kuga (-23.9%), 2019 Volkswagen Golf (-23.1%), 2020 Ford Focus (-22.7%) and 2017 Ford Kuga (-22.5%)  make up top five best value used cars
• Average used car prices accelerated again in Q3, following a sustained decline in Q1 and Q2
• CarGurus.co.uk helps buyers find a fair deal in a rapidly changing market through its Instant Market Value (IMV) listings and deal ratings tool

CarGurus has revealed the 50 best value used cars Brits can buy now.

Using average listing price data, CarGurus analysed its extensive used car inventory listed on CarGurus.co.uk by dealerships across the country, and compared average listing prices year-over-year (31^st October 2022 versus 31^st October 2021). Despite the average cost of used cars accelerating again, CarGurus data reveals that car-buyers are still able to get their hands on vehicles that have depreciated.

As such, CarGurus has detailed the 50 used cars that have reduced in price the most.

The 2019 BMW 2 Series was found to have gone down in price the most, falling from £29,640 to £22,271 – an overall average reduction of £7,369 (-24.9%).

Following close behind was the 2019 Ford Kuga (-23.9%), 2019 Volkswagen Golf (-23.1%), 2020 Ford Focus (-22.7%) and 2017 Ford Kuga (22.5%).

The best value car under £10,000 was the 2015 Vauxhall Insignia, falling from £9,212 to £7,485 – an 18.7% drop in price.

CarGurus data also found that monthly average used car prices have been on the rise since the end of August, with the cost of a used car at the end of October (£18,851) now surpassing average prices from April 2022 (£18,830).

It followed a sustained period where average used car prices fell between the end of quarter one (£19,328) and quarter two (£18,229) but rose again in quarter three (£18,407). 

Kevin Roberts, Director of Industry Insights & Analytics at CarGurus, said: “Vehicle prices continue to remain stubbornly elevated for UK car buyers. These high prices combined with rising inflation, climbing interest rates and a cooling economy are having an impact on consumers’ wallets. Unfortunately, with new vehicle production still constrained we’re not likely to see immediate relief on car prices in the near term.

“The positive news for car buyers is, in the face of a cost-of-living crisis, there are good cars out there that are coming down in price all of the time, some as much as 25% in the last 12 months.”

CarGurus’ IMV tool analyses stock currently and recently listed for sale on cargurus.co.uk and informs consumers if the car they are considering is either a great, good, fair, high or overpriced deal. IMV calculations are updated daily using a complex algorithm that takes into account millions of data points including make, model, trim, year, mileage, options and vehicle history.

For tips on how to best negotiate the best car price, visit here

Top 50 Best Value Cars, according to CarGurus

Visit CarGurus at cargurus.co.uk